Alltel Sold For $27.5 Billion

Posted: May 21 2007, 12:20am CDT | by , Updated: Aug 11 2010, 1:54am CDT, in News | Technology News

Alltel sold for $27.5 billion
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The WSJ reports that TPG Capital LLP and the private-equity arm of Goldman Sachs Group Inc. agreed to purchase wireless operator Alltel Corp. for about $27.5 billion.

This marks the largest private-equity deal in the wireless business.
Alltel is the 5th largest wireless operator in the United States with about 12 million subscribers. It will remain to be seen what the private equity investors can achieve with Alltel in terms of building more value.
This deal could lead to more private equity deals in the Wireless business.
More details on the WSJ (Subscription).

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